How much house does $500,000 buy you in Salinas?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Salinas?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Salinas right now. Listings below $500,000 were included if necessary.
914 Acosta Plz, Salinas, CA 93905
- Price: $445,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,380
- See 914 Acosta Plz, Salinas, CA 93905 on Redfin.com
45090 Crown Ave, King City, CA 93930
- Price: $489,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,123
- See 45090 Crown Ave, King City, CA 93930 on Redfin.com
45540 Carmel Valley Rd, Greenfield, CA 93927
- Price: $450,000
- 3 bedrooms, 2 bathrooms
- Square feet: 960
- See 45540 Carmel Valley Rd, Greenfield, CA 93927 on Redfin.com
917 Acosta Plz, Salinas, CA 93905
- Price: $355,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,034
- See 917 Acosta Plz, Salinas, CA 93905 on Redfin.com
53612 Main St, San Lucas, CA 93954
- Price: $350,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,056
- See 53612 Main St, San Lucas, CA 93954 on Redfin.com
201 Rio Vista Dr, King City, CA 93930
- Price: $304,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,058
- See 201 Rio Vista Dr, King City, CA 93930 on Redfin.com
914 Acosta Plz, Salinas, CA 93905
- Price: $339,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,034
- See 914 Acosta Plz, Salinas, CA 93905 on Redfin.com
310 Mustang Ct, King City, CA 93930
- Price: $419,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,009
- See 310 Mustang Ct, King City, CA 93930 on Redfin.com
451 Weldon Way, Marina, CA 93933
- Price: $380,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 957
- See 451 Weldon Way, Marina, CA 93933 on Redfin.com
2412 N Main St, Salinas, CA 93906
- Price: $415,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 932
- See 2412 N Main St, Salinas, CA 93906 on Redfin.com
405 Primavera Ct, Greenfield, CA 93927
- Price: $420,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,033
- See 405 Primavera Ct, Greenfield, CA 93927 on Redfin.com
431 Ellis St, King City, CA 93930
- Price: $398,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,032
- See 431 Ellis St, King City, CA 93930 on Redfin.com
47463 Arroyo Seco Rd, Greenfield, CA 93927
- Price: $349,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,000
- See 47463 Arroyo Seco Rd, Greenfield, CA 93927 on Redfin.com
427 Ellis St, King City, CA 93930
- Price: $398,000
- 2 bedrooms, 1 bathroom
- Square feet: 918
- See 427 Ellis St, King City, CA 93930 on Redfin.com
37811 Palo Colorado Rd, Carmel, CA 93923
- Price: $399,000
- 1 bedroom, 1 bathroom
- Square feet: 217,800
- See 37811 Palo Colorado Rd, Carmel, CA 93923 on Redfin.com
53365 Main St, San Lucas, CA 93954
- Price: $245,000
- 1 bedroom, 1 bathroom
- Square feet: 874
- See 53365 Main St, San Lucas, CA 93954 on Redfin.com
417 Tyler Pl, Salinas, CA 93906
- Price: $349,000
- 1 bedroom, 1 bathroom
- Square feet: 683
- See 417 Tyler Pl, Salinas, CA 93906 on Redfin.com
3104 Golden Oaks Ln, Monterey, CA 93940
- Price: $460,000
- 1 bedroom, 1 bathroom
- Square feet: 656
- See 3104 Golden Oaks Ln, Monterey, CA 93940 on Redfin.com
820 Casanova Ave, Monterey, CA 93940
- Price: $500,000
- 1 bedroom, 1 bathroom
- Square feet: 637
- See 820 Casanova Ave, Monterey, CA 93940 on Redfin.com
1306 San Antonio St, Soledad, CA 93960
- Price: $379,000
- 1 bedroom, 1 bathroom
- Square feet: 630
- See 1306 San Antonio St, Soledad, CA 93960 on Redfin.com
820 Casanova Ave, Monterey, CA 93940
- Price: $485,000
- 1 bedroom, 1 bathroom
- Square feet: 598
- See 820 Casanova Ave, Monterey, CA 93940 on Redfin.com
4206 Golden Oaks Ln, Monterey, CA 93940
- Price: $469,000
- 1 bedroom, 1 bathroom
- Square feet: 560
- See 4206 Golden Oaks Ln, Monterey, CA 93940 on Redfin.com
717 Oak Ave, Greenfield, CA 93927
- Price: $250,000
- 1 bedroom, 1 bathroom
- Square feet: 301
- See 717 Oak Ave, Greenfield, CA 93927 on Redfin.com
110 Hacienda Carmel, Carmel, CA 93923
- Price: $430,000
- 0 bedrooms, 1 bathroom
- Square feet: 515
- See 110 Hacienda Carmel, Carmel, CA 93923 on Redfin.com
300 Glenwood Cir, Monterey, CA 93940
- Price: $243,222
- 0 bedrooms, 1 bathroom
- Square feet: 465
- See 300 Glenwood Cir, Monterey, CA 93940 on Redfin.com
